ANCYL financial state vindicates Malema - EFF

Johannesburg - The ANC Youth League's statement that it is
financially sound was welcomed by the EFF on Thursday because it vindicated
party leader Julius Malema, it said.

"The convenor of the ANCYL has in the past blamed the
commander-in-chief of the EFF, who was leader of the ANCYL, for the supposed
financial problems of the organisation," Economic Freedom Fighters' spokesperson
Mbuyiseni Ndlozi said.

"Yesterday, the [ANCYL] convenor indicated that the
finances are in a good place, inadvertently dispelling his self-made
misconceptions about the commander-in-chief."

Debt, liquidation

During Malema's time as African National Congress Youth
League leader, the organisation got itself into extensive debt, which led to
liquidation cases against it.

There were allegations that millions of rands of the ANCYL's
money had gone missing.

ANCYL convenor Mzwandile Masina denied this on Wednesday.

"The ANCYL [at the time] was spending money it did not
have. No one stole the money... it was just an abuse of processes."

He said the ANCYL's financial problems had been resolved.

"We have attempted to pay everybody. As it stands we
have no court orders before us."

Ndlozi on Thursday claimed the blame initially put on Malema
was part of a plot to tarnish his reputation.

"The Economic Freedom Fighters welcomes the ANCYL's
sobering statements that its funds are in order and have been in order all
along."